More than $27 million is said to have changed hands in the deal, which will see the seller build a house for the buyers at 584 Island Drive, sources say.
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UPDATE: Billionaire buys ‘spec’ mansion on Everglades Island for $49 million: deed
Investments manager James G. Dinan of York Capital Management and wife buy house at 520 Island Drive with lakefront on two sides, thanks to its site on the north end of Everglades Island.
Palm Beach Daily News
A billionaire hedge-fund manager is the new co-owner of a never-lived-in California-style contemporary mansion that just sold for a recorded $49.142 million on Everglades Island.
James G. Dinan and his wife, Elizabeth R. Miller, bought the house with waterfront on two sides at 520 Island Drive, according to the deed recorded Tuesday by the Palm Beach County Clerk’s office.
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Owners of landmarked house deed it to themselves for $18 million
The transaction at 17 Golfview Road was a Roberts family ownership transfer, the deed shows. The house was built by cereal heiress Marjorie Merriweather Post.
Palm Beach Daily News
Deed-watchers may have noticed a recent real estate transaction recorded at $18 million involving a landmarked house with an impeccable Palm Beach pedigree.
The property in question, at 17 Gofview Road, was the first house commissioned in town by cereal heiress Marjorie Merriweather Post. Built in 1921, it recently underwent an extensive renovation and restoration project.
But a closer examination of the latest deed shows that the sale was an internal one, in which the owners venture capitalist Thomas S. Roberts and his wife, Kristen transferred ownership from a limited liability company into their own names.
Palm Beach house built in 1956 on Everglades Island sells for $13 9M palmbeachdailynews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from palmbeachdailynews.com Daily Mail and Mail on Sunday newspapers.